But it's a lot of extra stress living with small kids in a construction zone.I will say, I am probably not repeating the process as the returns don't seem enough better than the stock market to warrant taking time away from my family. 

@Yezenia HernandezI started with pre-construction short-term rentals in the Riviera Maya, since it's Mexico's and one of the world's main tourist destinations and so the profitability has been very high there.

With 4 years in container conversions, we're transforming shipping containers into modern, efficient tiny homes and small homes.Currently working on a small, 10 home, senior housing development.Expertise: Container home design, sustainable building, alternative housing.Looking to: Connect with investors interested in container homes, share knowledge about factory construction, and learn from the BP community.Feel free to reach out if you're interested in container homes or factory building practices!"

Right now commercial rates are more like 6% with a point. the only loans from banks I see tied to prime are vertical construction loans or horizontal construction loans.I had the same issue with I had maxed out my rental loans with lenders like Country wide and Wells fargo that reported to fico..

Economic Timing.According to data compiled by Marcus & Millichap[2], the Portland area has experienced three very important trends since 2010:The average price per unit for apartments has nearly doubledThe rate of employment growth rose from 2010 to 2015 but has since declined steadily, projected to be up 1% for 2020 (estimated before COVID-19)Roughly 30,000 apartments have been built since 2010, with another 5,600 units slated for construction in 2020Most RHA members have enjoyed a solid decade of price growth, rent growth and steady occupancy.

Many people did that during the pandemic and most buyers in Tulum buy pre-construction.

That being said, this is mainly doable for folks taking on cosmetic rehabs with great time management/construction management skills.

If the borrower is seeking a construction loan, I would say loan administration is of utmost importance.

I will also note that the RC zoning district allows for quite a few extra units so you would get the best use out of your land by building a quadplex or something like that.if you are interested in going forward though I work part time at NOLA builds in town and they do great work for construction at all levels.feel free to reach out if you have more questions 

Is there a housing shortage or is there really a problem with the BARRIERS caused by productivity, land use, zoning and mandates that limits construction?